How to tell if something is a good idea

Systems thinking

1. Exactly what problem will this solve? (value proposition)
2. For whom do we solve that problem? (target market)
3. How big is the opportunity? (market size)
4. What alternatives are out there? (competitive landscape)
5. Why are we best suited to pursue this? (our differentiator)
6. Why now? (market window)
7. How will we get this product to market? (go-to-market strategy)
8. How will we measure success/make money from this product? (metrics/revenue strategy)
9. What factors are critical to success? (solution requirements)
10. Given the above, what’s the recommendation? (go or no-go)

http://www.svproduct.com/SVPG/BLOG/C6A1F8DE-357E-474E-831D-1B65BE3C2E78.html


Ed Dowding

Ed Dowding

Ed Dowding is a systems-thinking entrepreneur with over 20 years of experience using technology to tackle existential risks and promote sustainability. https://www.linkedin.com/in/eddowding/

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.